General Motors Company (NYSE:GM) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 12.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,892 shares of the auto manufacturer’s stock after purchasing an additional 662 shares during the period. Frank Rimerman Advisors LLC’s holdings in General Motors were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GM. Measured Wealth Private Client Group LLC grew its holdings in General Motors by 31.2% during the first quarter. Measured Wealth Private Client Group LLC now owns 16,762 shares of the auto manufacturer’s stock worth $788,000 after acquiring an additional 3,987 shares during the period. Zions Bancorporation National Association UT acquired a new stake in General Motors during the first quarter worth about $84,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in General Motors by 3.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,834,503 shares of the auto manufacturer’s stock worth $86,277,000 after acquiring an additional 66,259 shares during the period. Deutsche Bank AG grew its holdings in General Motors by 2.3% in the first quarter. Deutsche Bank AG now owns 4,380,940 shares of the auto manufacturer’s stock valued at $206,036,000 after purchasing an additional 96,490 shares during the period. Finally, Chicago Partners Investment Group LLC increased its position in shares of General Motors by 25.2% in the first quarter. Chicago Partners Investment Group LLC now owns 13,457 shares of the auto manufacturer’s stock valued at $612,000 after buying an additional 2,707 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares of the company’s stock, valued at $451,274.13. This represents a 73.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GM. Sanford C. Bernstein set a $36.00 target price on General Motors in a research report on Monday, May 5th. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research report on Friday, July 11th. BNP Paribas raised General Motors to a “strong-buy” rating in a research note on Monday, May 5th. Wedbush reiterated an “outperform” rating and set a $55.00 price objective on shares of General Motors in a research report on Wednesday, July 23rd. Finally, Benchmark initiated coverage on General Motors in a research note on Monday, July 21st. They set a “buy” rating and a $65.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $57.53.

General Motors Stock Performance

GM opened at $54.03 on Tuesday. The stock has a market cap of $51.44 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.13 and a beta of 1.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The stock’s 50 day simple moving average is $51.08 and its 200 day simple moving average is $48.78. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $45.87 billion. During the same quarter in the prior year, the firm earned $3.06 EPS. General Motors’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 5th. General Motors’s dividend payout ratio is currently 9.52%.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.